Why is Greenply Industr falling/rising?

As of 30-Jul, Greenply Industries Ltd is currently priced at 330.45, reflecting a decrease of 4.75, or 1.42%. The stock has underperformed its sector today by 1.31%, with an intraday high of Rs 348.8, indicating some volatility. Over the past week, the stock has declined by 2.51%, while it has shown a positive return of 5.58% over the last month. Despite a strong long-term performance, with a 3-year return of 81.32%, recent profit declines of 16.2% may be influencing investor sentiment negatively. Additionally, the falling delivery volume, which dropped by 37.56% against the 5-day average, suggests reduced investor participation, contributing to the stock's downward movement.
In the broader market context, the stock's short-term performance has lagged behind the Sensex, which fell by 1.50% over the same week. However, Greenply has outperformed the benchmark in the longer term, with a year-to-date return of 7.39% compared to the Sensex's 4.28%. The stock's attractive valuation, indicated by a return on capital employed (ROCE) of 13.7 and a favorable enterprise value to capital employed ratio, suggests it is trading at a discount compared to peers. High institutional holdings at 36.94% may provide some stability, as these investors typically have better resources to analyze the company's fundamentals. Nonetheless, the combination of recent profit declines and reduced trading volume may be weighing on the stock's current price.